Packers Huddle

Good video. The one perplexing part was about how he believes normal people are being led to believe the hedge funders are the good guys in this most recent issue. I don't think I have seen anything that has pushed that.

Frankly I love that they got stuck!

Put $50 on AMC this morning just for the heck of it.

I've been on the crypto train for the last couple of years, and have been investing in it little by little. Seen some impressive profits, wish I was even more reckless and dumped more in over the last two years.

Any other investing I do, happily have been using a robo advisor for years.

I put $50 on AMC and $50 on Nokia. I lost $.48. PANIC!!!

We should start our own investing thread. Maybe we, too, can make the news by taking on some of the Wall St big boys...

Captain_Ben wrote: ↑

28 Jan 2021 14:55

Pckfn23 wrote: ↑

28 Jan 2021 14:22

Thoughts on legality of Short selling, since we are on the subject.

Shorting is fine, it's the naked shorting (happens mostly on OTC's) that needs to stop IMO.

Can you expound on this for us investing novices?

APB wrote: ↑

28 Jan 2021 18:04

Captain_Ben wrote: ↑

28 Jan 2021 14:55

Pckfn23 wrote: ↑

28 Jan 2021 14:22

Thoughts on legality of Short selling, since we are on the subject.

Shorting is fine, it's the naked shorting (happens mostly on OTC's) that needs to stop IMO.

Can you expound on this for us investing novices?

It's essentialyl what those Hedge Funders did to Gamestop (according to your video), borrowed more than there was available to sell.

I go with ETFs for my IRA. Maximum each year for the last 3 years. Dumped it into VTI, VOO, and VB.

Hope you got in pace before close, amc up almost 50% already after hours.

Don't get caught with your pants down, though. At some point Gamestop's price is going to tank and tank HARD. This little adventure didn't fundamentally change their failing business model.

Pckfn23 wrote: ↑

28 Jan 2021 21:25

Don't get caught with your pants down, though. At some point Gamestop's price is going to tank and tank HARD. This little adventure didn't fundamentally change their failing business model.

This has literally nothing to do with GameStop

Poor guys just got stuck in the middle.

The whole point of the super squeezes like this is the hedge funds won’t sell while the prices are high, they want it to crash. They will manipulate the stock to make it look like it is crash via high volume near zero sum trading. However the kicker is if the price is high enough, they have to fork out interest on their orders, which will get really really high. So either they can wait this out indefinitely and wait for the crash to make better exercises, or they can sit back and pay exceedingly high interest on these very low values stocks. This won’t (shouldn’t) end anytime soon unless the hedge funds agree to cut their losses and buy at terrible price.

Longer we can all hold and the more we can invest, the better.

BF004 wrote: ↑

28 Jan 2021 21:30

Pckfn23 wrote: ↑

28 Jan 2021 21:25

Don't get caught with your pants down, though. At some point Gamestop's price is going to tank and tank HARD. This little adventure didn't fundamentally change their failing business model.

This has literally nothing to do with GameStop

Poor guys just got stuck in the middle.

The whole point of the super squeezes like this is the hedge funds won’t sell while the prices are high, they want it to crash. They will manipulate the stock to make it look like it is crash via high volume near zero sum trading. However the kicker is if the price is high enough, they have to fork out interest on their orders, which will get really really high. So either they can wait this out indefinitely and wait for the crash to make better exercises, or they can sit back and pay exceedingly high interest on these very low values stocks. This won’t (shouldn’t) end anytime soon unless the hedge funds agree to cut their losses and buy at terrible price.

Longer we can all hold and the more we can invest, the better.

All true. Just don't want the hobby traders to get stuck in the middle and lose out when it does eventually take. I mean &%$@, if somehow you put an order in at 2:05 today and paid $430, you already lost more than 50% of your investment. $%@# the hedge fund investors!

That is going to be a big problem out of this. Too many people who don't know what they are doing, risking everything. I hope the movement does keep up and make some real waves. Time will tell. Happy I'm along for the ride and doing my, very small, part.

paco wrote: ↑

28 Jan 2021 14:25

A lot of talk about Nokia as well. Thought about tossing a few bucks there and watching it.

Hell, I've spent $100 on a lot worse stuff. It'll be entertaining to just watch this even if I lose it.

It's weird that Nokia of 2020 is getting pulled into this. Yes, they failed at cell phones years ago, so I kinda get the aura, but their current network business is viable, in contrast with GameStop and some others involved.

The stock market/GameStop conversation has registered enough interest to warrant splitting off into it's own topic. Have at it!

This GameStop thing is such an interesting thing to watch. Common Joe's up against the big boys...and it seems the Common Joe's are winning.

A few days ago, Melvin Capital made a public point of saying they had essentially gotten out from beneath their shorted shares in GameStop. The Common Joe's looked at the trading activity and determined that was likely a lie, or at least misleading, and they held the squeeze line. It now appears Melvin (and others) actually doubled down on their shorts and are now set up to take a huge fall.

Today, Friday, should be a very interesting day. Curious if there will be any further shenanigans like the brokers pulled yesterday in limiting purchase of specific stocks. I think some heads are gonna roll over that and hopefully it won't just be fines. There needs to be some jail time for that thievery.

paco wrote: ↑

28 Jan 2021 22:01

That is going to be a big problem out of this. Too many people who don't know what they are doing, risking everything. I hope the movement does keep up and make some real waves. Time will tell. Happy I'm along for the ride and doing my, very small, part.

Looking like it should open around $14, I won’t blame you if you cash out early. Might even consider putting out a stop limit order around like $16 or whatever, or maybe a few 16, 20, 25, see what happens.

Just keeping telling everyone you are buying more liking posts on Twitter to keep everyone else confident.


I’ll probably two of them on pretty low, staggered, to the amount that might recoup my original investment, then just play with house money after that.

Will probably take my original investment and dump it all into crypto, whole market prolly went up like 8% yesterday. I think that is going to continue for a while. Lot of mistrust in stock markets, still a lot of money tied up in a few stocks, and frankly a lot of people still waiting for their accounts to verify. Gunna be a good month for crypto, imo. Not sure if that will be a bubble or a permanent shift. Prolly depends on what happens with the markets during that time.

I'll probably sit back and watch what things do and what the chatter is. Don't need to pull out too early. But if it spikes significantly, I may pull some out, and like you said, play with house money.

The app I'm using doesn't seem to support buying crypto. Might need to open a Fidelity account for that. Hard to see anything right now as my app is completely down.

No surprise, my wife is pissed I hopped into the market.